Bidding in 28 GHz Auction Climbs to $558 Million; Stage 2 Begins Thursday
Bid commitments increased to $558.2 million in the 28 GHz band auction Tuesday, with provisionally winning bids on 2,720 of 3,072 licenses, FCC results show. The bid total was at $526.3 million and PWBs were at 2,718 Monday (see 1812030057).…
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The auction takes a break Wednesday as agencies close to honor the late President George H.W. Bush (see 1812040014). Bidding resumes Thursday and transitions to stage 2. "To meet the activity requirement in Stage Two and avoid using an activity rule waiver or having its eligibility reduced, a bidder must be active on at least 95% of its current bidding eligibility in each round," the agency said.